Economic boom refers to as an increase of business, industry and growth of the sales and goods that would lead to a nation’s overall economic expansion. The global economies contribute in the rise and fall of world trade and economy and hence observes the global economic phenomena of recession and boom. The market fluctuations are bound to occur as they are affected by numerous factors which can’t be predicted by market researchers and analysts with complete accuracy. The various economies of the world are so closely connected that economists could only take calculated risks of prophesying the market volatility.

Many under developed and developing economies show the signs of an economic boom every now and then. The revealing signs of an economic boom in a country are:a. Low inflation rate: A booming economy should maintain a lower inflation rate and it is be as low as 2% for developed economies.b. Double digit GDP growth: A booming economy should register a GDP growth which should be at least a positive figure and if it’s in double digit with promising signs of converting into developed economy. A GDP is the determining factor of a nation’s growing economy. It is a sum total of consumption of products and government expenditures and exports of the country in that year, all this and minus the imports done by that country in that year.c. Rise in employment: In an economy that shows the promising signs of expansion creation of jobs for its citizens is a big factor for showing economic growth.d. Increased consumerism: Better employment rate will result in more demand and supply of consumer goods as it will lead to economic stability of the various sections of the society.e. The Sensex rise: A booming economy lures investors from around the globe. The market should exhibit bullish growth in the stocks and bearish growth of the bonds.f. Bank lending: Banks should contribute in the growth by increasing their capacity to lend to the owners of small businesses hence leading to economic sustainability by progressing the smaller merchants.g. The currency circulation: It is the currency of the country and its value that would decide the appreciation of the country’s currency in the world market. h. Producer price index: this is the index that determines the cost of major goods producing sectors like agriculture, manufacturing, mining, fisheries, dairy products etc.i. Real estate boom: A surge in the real estate businesses is a strong indicator of a booming economic growth as they are the drivers towards making a stronger economy. The increase in the buying of the new homes reflects good employment creation and increased consumer confidence. j. Lower interest rates: Banks will levy lower rate of interest on the loans for property and automobile and hence enabling more property deals and creating a surge in the housing and finance industry.k. Strengthening the labor: A developed economy will always work towards firming its labor force by skilling them in their crafts and work because they in turn would generate goods and services for the country.l. Tax cut: In order to make a robust economy a government should curtail on taxes on consumer goods and services provided. The income tax reduction also boosts the citizens’ morale to save more and spend with confidence making sure that it should not lead to deficit.m. Increased government spending: rise in government’s expenditure like construction roads, railways and airports is an indicator of state’s well being programs for making a prosperous society.n. Income imbalance: In a booming economy the poor will become rich and gain stability and rise from above the poverty line hence creating a society of economic balance.o. FDI: encouraging more foreign investors in the country for the services and goods they get and hence creating more income and jobs in the country.A sustainable growth in all the above mentioned categories will lead to an economic boom in a country as well as it will help to shape the world economy. The government’s policies play an important role in defining the economic growth of a country. A stable government and a stable geopolitical atmosphere leads to technological as well as advancement in other sectors.

It is not that long when I was shopping for holidays and cash counter the cashier were just having general conversation and he asked me that did you see bitcoin it is going to touch 20k, I said yes but “Isn’t that imaginary and very volatile” I said he said “yes” but he was looking happy, “Do you have any?” I asked, he said yes I have and I am going to buy more, I was imagining that he Is cashier and who earn his money working hard and he is putting that money into something probably he don’t understand. May be some has told him that this is good investment to grow your money. Now after 2 months when I saw bitcoin rate, it reminded me of that cashier and I was thinking that what would have happen to his hard earned money, does he sold in time or he was waiting for price to go up and now his investment is cut into half.

I was reading about cryptocurrency and I was bit skeptical that should go for it or not, one of my friend suggested that you should buy some but again I said I don’t have strong heart that I can stand if I lose all my money in just couple of hours. There might been some different point of view looking at it but if you apply fundamental of investment that if you are taking highest possible risk to make highest money in small time then you should be strong enough to handle any situation which you have to face may be this could be good or bad. But again when we look at crypto this not regulated if you have lot of money and you lose there is no one who can take responsibility of that.

According to many analysts this is something driving by the speculation and interest of people in something new and everyone is looking for making quick bucks and run out of this , they still think that our economy is not mature enough to handle this type of alternative currency and trade in day todays activities , when someone say it is currency then it should have some fixed value which someone cash in but rather that everyone use it as some kind of equity stock where there is not actual value for buying but we are just investing on the speculated value.

We don’t know that in the long term this might pick up or stables but at this point analysts only saying that some people made lot of money overnight and some people lost lot of money those who earn they are happy they are keeping their profits and again betting for good time to come.

Crypto can go in any direction it not even advice that be away from that because you might lose something which will be great down the line after 5 years but analysts fair advice it don’t do over of anything and just like alternative word to this currency, your investment should be like yet another alternative.